Lower home values: The median home values in these states will be typically less than other states, which means
lower dwelling coverage amounts and equates to lower home insurance rates.
Not exact matches
Higher home values: The median home values in these states are generally greater than those in
low - priced states, which means more
dwelling coverage is needed.
But if your
dwelling coverage is
lower than 80 % of the cost to build your home, depreciation will be taken into account if you file a claim.
Higher home values: The median home values in these states are generally greater than those in
low - priced states, which means more
dwelling coverage is needed.
Your personal property
coverage limit may initially be set on the
low side, around $ 5,000 or 10 % of your
dwelling coverage, but you can raise this amount to your insurer's maximum.